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Cyprus Property News

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We give sharp, insightful comments on issues affecting the Cypriot property market. No nonsense reflection of current events and market trends as well as news on property tax and general legalization changes in Cyprus.

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Cyprus Property News

Kings Avenue Mall is finally going up.

Date: 02/10/12

Building works with our neighbor, the much anticipated Kings Avenue Mall, seemed to have stalled over the last months fueling numerous theories as to the future of the building.

Many of our clients were asking - what the developers were doing in that huge hole they had created! Well, over the last month or so the answer has become apparent leaving no room for further speculations. The red steel frame has been going up very quickly and it is now obvious to any passerby that yes, we really are going to have a Mall.

The development team is still quite coy on the exact date of completion and opening, but hopefully there will not be any more archaeological finds. It looks like Summer-Autumn 2013 is the time for the grand opening of what is surely the most widely anticipated retail development in the Paphos district, if not the whole of Cyprus.

From the estate agents' point of view we anticipate a further strengthening of demand in the already very popular developments of Queens Gardens, Roman Park and Sirena Lighthouse. The project of Byzantium Gardens which houses our Cypriot Office is also a close neighbor to Kings Avenue Mall. With an excellent location 1 bedroom apartments have been going for a scarcely believable 60,000 Euro for the cheaper units. For someone looking for a flashy 3 bedroom around the new mall we have 3 excellent offers: Ref 1035, 1167 and 1195, which is a fully renovated penthouse with sea views in Byzantium Gardens. All three are superb quality individual properties.